Word: mergers
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Dates: during 1920-1929
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Stockholders of two large soap companies were summoned, last week, to consider a merger. Officers of Colgate and Co. and of the Palmolive-Peet Co. had agreed on terms. As the most pessimistic of stockholders could see nothing but manufacturing and distributing economies in the consolidation, the birth of Colgate-Palmolive-Peet Corp. was hailed in advance as another milestone in the soap industry...
Coal. Isaac T. Mann, president of the Pocahontas Fuel Co., reported that agreement was being reached among some 80 soft coal operators in Virginia and West Virginia for the consummation of a $200,000,000 merger...
Magazines. In the field of trade journals, where editorial problems are simple, profits great, was a merger: A. W. Shaw Co. (Magazine of Business, System) and McGraw-Hill Publishing Co. Inc. (Electrical World, Coal Age, Radio Retailing, Bus Transportation, and many another...
...Arrow Motor Car Co. of Buffalo, with assets of $24,000,000, has been losing money. The Studebaker Corp. of South Bend, with assets of $135,000,000, has been making tidy profits. Last week, the board of directors of Fierce-Arrow approved the plans of Studebaker for a merger of the two firms; President Myron E. Forbes of Fierce-Arrow called for a meeting of the stockholders on July 25, writing them that it would be for their own good to consent to the plans. No matter how good the product, a large organization is necessary for success...
...Last week, plans were nearing completion for the merger of International Paper Co. and New England Power Association into a $550,000,000 unit called International Paper & Power...